Amendment To Installment Note And Security

AMENDMENT TO INSTALLMENT NOTE AND SECURITY AGREEMENTS


WHEREAS, the Note dated -------------------, in the amount of $---- - ---------; and Amendment to said Note dated ------------------- in the amount of $------------; and Amendment to said Note dated ------------------, in the amount of $----------; and Amendment to said Note dated -----------------, in the amount of $----------------; and Amendment to said Note dated ------------ - ------, in the amount of $------------; and Amendment to said Note dated ----- - -------------, in the amount of $---------------, has a balance owing of $---- - ----------, known as Loan No. -----; and


WHEREAS, the Borrower requests additional financing in the amount of $------------- for purchase of new fixtures and equipment at -------------- - ------.


NOW, THEREFORE, it is agreed as follows:


1. The new funds of $------------- shall be repaid according to the Installment Note attached hereto marked Exhibit A; said Note shall be known as Loan -----------.


2. Loans -------- and --------- together with interest shall be secured under the Security Agreements respectively dated -------------------- and -----------------, and any subsequent Amendments and Security Agreements, continuing the terms and conditions thereof, and said agreements are hereby ratified and reaffirmed.


3. Inventory at ------------------------------------ shall be maintained at all times at a level of not less than $-------------- cost to Borrower.


4. Covenants. So long as any part of the Note remains unpaid, the Borrower covenants as follows:


(a) The Borrower will not assign, mortgage, or pledge any part of the assets of Borrower or incur any further indebtedness except for short-term credit for the purchase of goods and services on open account.


(b) The Borrower shall furnish to the Lender quarterly financial statements consisting of a balance sheet and an operating statement in a form and by an accountant satisfactory to the Lender on --------------------.


(c) The Lender, acting through its officers, agents, attorneys, and accountants, including an independent certified public accountant hired by it, shall have the right to examine the books of the Borrower at all reasonable times.


5. Insurance


(a) The Borrower shall maintain standard form fire, extended coverage, vandalism, and malicious mischief insurance insuring the merchandise inventory, fixtures, trade fixtures, and equipment at ----------- ...